Is there a 3X oil ETF?

Is there a 3X oil ETF?

ProShares UltraPro 3x Crude Oil ETF OILU This ETF offers three times exposure to the daily performance of the Bloomberg WTI Crude Oil Subindex.

What is the triple leveraged oil ETF?

Leveraged 3X Oil ETFs are funds that track futures pricing on various oil-based natural resources. These include crude oil (Brent and WTI), heating oil and gasoline. The ETFs apply leverage in order to gain three times the daily or monthly return of the underlying oil commodities prices.

What does it mean to be 3X leveraged?

Leveraged 3X ETFs are funds that track a wide variety of asset classes, such as stocks, bonds and commodity futures, and apply leverage in order to gain three times the daily or monthly return of the respective underlying index.

What is UCO and SCO?

Quickly compare and contrast ProShares Ultra Bloomberg Crude Oil (UCO) and ProShares UltraShort Bloomberg Crude Oil (SCO). Both ETFs trade in the U.S. markets. UCO launched on 11/25/08, while SCO debuted on .

Should I buy SCO stock?

SCO is a solid bet for investors looking for an inverse oil fund. Daily compounding of SCO’s inverse crude oil returns can lead to the fund’s returns varying significantly from the intended multiple, so longer term investors must monitor and rebalance their position.

Can you short oil stocks?

If you are bearish on crude oil, you can profit from a fall in crude oil price by taking up a short position in the crude oil futures market. You can do so by selling (shorting) one or more crude oil futures contracts at a futures exchange.

Will SCO stock go up?

Will SCO fund price drop / fall? Yes. The Proshares Ultrashort Bloomberg Crude Oil fund price may drop from 13.080 USD to 10.230 USD.

Did SCO reverse split?

ProShares UltraShort Bloomberg Crude Oil (SCO) has announced a 1-for-4 reverse stock split. As a result of the reverse stock split, each SCO Share will be converted into the right to receive 0.25 (New) ProShares UltraShort Bloomberg Crude Oil Shares.